In the thick of its trade dispute with China, the Trump administration threatened last week to start yet another tariff fight with a major trading partner: Mexico. This one would have hit Gulf Coast refiners hard, potentially making it uneconomical to import the key Maya heavy crude grade.
Capitol Crude spoke with Duncan Wood, director of the Wilson Center's Mexico Institute, about how tariffs on Mexican crude imports would hurt the energy sectors on both sides of the border.
Ken Medlock, senior director of the Baker Institute for Public Policy's Center for Energy Studies, joined us to explain how the trade disputes were weighing on oil prices and exposing global economic concerns.
(Note: This episode was recorded while discussions were continuing in Washington last week and Mexico was pushing for a delay to continue negotiations.)